European Parliament approves new framework for digital taxation: consumers will pay the bill

CONTACT:

Bill Wirtz

Policy Analyst

Consumer Choice Center

European Parliament approves new framework for digital taxation: consumers will pay the bill

Brussels, BE – In an attempt to create a “clear and fair” corporate tax regime for the European Union, the European Parliament approved a resolution for a tax plan which will identify the “digital presence” of companies in individual member states.

Digital companies will be judged on their digital activities and even the value of the personal information they hold from users, in order to determine their corporate taxation.

The resolution by the European Parliament is in line with an announcement by the European Commission to reveal a plan for so-called “digital taxation” next week.

Bill Wirtz, Policy Analyst for the Consumer Choice Center (CCC) said this push by the European Union raises substantial concerns for consumers.

“Reducing tax competition in the EU will inevitably increase the tax burden on digital companies over time. We can’t close our eyes to the fact that it is consumers who will pick up the tab, through rising prices,” said Wirtz.

“We don’t know enough about the scale in which the “digital presence” framework would operate. Depending on the size, it could disincentive small and medium-sized companies in the digital sector to operate internationally in high-tax countries.

“The future of Europe’s market economy undeniably lies in the digital sector. The idea of attempting to increasingly tax online businesses is not a promising objective, neither for the states nor their consumers,” said Wirtz.

***CCC Policy Analyst Bill Wirtz is available to speak with accredited media on consumer regulations and consumer choice issues. Please send media inquiries HERE.***

The CCC represents consumers in over 100 countries across the globe. We closely monitor regulatory trends in Ottawa, Washington, Brussels, Geneva and other hotspots of regulation and inform and activate consumers to fight for #ConsumerChoice. Learn more at consumerchoicecenter.org.

 

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About Bill Wirtz

Bill Wirtz is policy analyst for the Consumer Choice Center, based in Brussels, Belgium. Originally from Luxembourg, his articles have appeared across the world in English, French, German, and Luxembourgish. He is Editor-in-Chief of Speak Freely, the blog of European Students for Liberty, a contributing editor for the Freedom Today Network and a regular contributor for the Foundation for Economic Education (FEE). He blogs regularly on his website in four languages.

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About Fred Roeder

Fred Roder has been working in the field of grassroots activism for over eight years. He is a Health Economist from Germany and has worked in healthcare reform and market access in North America, Europe, and several former Soviet Republics. One of his passions is to analyze how disruptive industries and technologies allow consumers more choice at a lower cost. Fred is very interested in consumer choice and regulatory trends in the following industries: FMCG, Sharing Economy, Airlines. In 2014 he organized a protest in Berlin advocating for competition in the Taxi market. Fred has traveled to 100 countries and is looking forward to visiting the other half of the world’s countries. Among many op-eds and media appearances, he has been published in the Frankfurter Allgemeine Zeitung, Wirtschaftswoche, Die Welt, the BBC, SunTV, ABC Portland News, Montreal Gazette, Handelsblatt, Huffington Post Germany, CityAM. L’Agefi, and The Guardian. Since 2012 he serves as an Associated Researcher at the Montreal Economic Institute.

Poll: Consumers say ‘hands off’ cryptocurrency, Bitcoin and Blockchain

CONTACT:

Frederik Roeder

Managing Director

Consumer Choice Center

8. February 2018

Poll: Consumers say ‘hands off’ cryptocurrency, Bitcoin and Blockchain

BERLIN, DE – In an online Twitter poll conducted by the Consumer Choice Center, 85 percent of respondents say they don’t want governments slowing down consumer innovation by outlawing cryptocurrencies and blockchain businesses.

While not a scientific survey, the poll indicates a liberal regulatory regime towards cryptocurrencies and Blockchain businesses should be applied, and new legislation aimed at slowing down innovation should not be adopted.

Frederik Roeder, the Managing Director for the Consumer Choice Center (CCC) said this should be a positive signal to governments.

“This highlights the concern consumers and innovators have over whether governments such as the United States, Canada or countries in the European Union will implement stifling regulations in the sphere of Bitcoin, cryptocurrencies, and businesses concerned with the Blockchain.

“Cryptocurrencies represent a novel innovation in their infancy that could have a sweeping positive impact for millions of consumers. A sound approach by governments is to allow this industry to develop and consumers pick the best solutions rather than drafting new legislation which could potentially harm future innovations,” said Roeder.

 

***CCC Managing Director Frederik Roeder is available to speak with accredited media on consumer regulations and consumer choice issues. Please send media inquiries HERE.***

The CCC represents consumers in over 100 countries across the globe. We closely monitor regulatory trends in Ottawa, Washington, Brussels, Geneva and other hotspots of regulation and inform and activate consumers to fight for #ConsumerChoice. Learn more at consumerchoicecenter.org.

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About Fred Roeder

Fred Roder has been working in the field of grassroots activism for over eight years. He is a Health Economist from Germany and has worked in healthcare reform and market access in North America, Europe, and several former Soviet Republics. One of his passions is to analyze how disruptive industries and technologies allow consumers more choice at a lower cost. Fred is very interested in consumer choice and regulatory trends in the following industries: FMCG, Sharing Economy, Airlines. In 2014 he organized a protest in Berlin advocating for competition in the Taxi market. Fred has traveled to 100 countries and is looking forward to visiting the other half of the world’s countries. Among many op-eds and media appearances, he has been published in the Frankfurter Allgemeine Zeitung, Wirtschaftswoche, Die Welt, the BBC, SunTV, ABC Portland News, Montreal Gazette, Handelsblatt, Huffington Post Germany, CityAM. L’Agefi, and The Guardian. Since 2012 he serves as an Associated Researcher at the Montreal Economic Institute.

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About Bill Wirtz

Bill Wirtz is policy analyst for the Consumer Choice Center, based in Brussels, Belgium. Originally from Luxembourg, his articles have appeared across the world in English, French, German, and Luxembourgish. He is Editor-in-Chief of Speak Freely, the blog of European Students for Liberty, a contributing editor for the Freedom Today Network and a regular contributor for the Foundation for Economic Education (FEE). He blogs regularly on his website in four languages.

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About Bill Wirtz

Bill Wirtz is policy analyst for the Consumer Choice Center, based in Brussels, Belgium. Originally from Luxembourg, his articles have appeared across the world in English, French, German, and Luxembourgish. He is Editor-in-Chief of Speak Freely, the blog of European Students for Liberty, a contributing editor for the Freedom Today Network and a regular contributor for the Foundation for Economic Education (FEE). He blogs regularly on his website in four languages.